On March 23, 2007, Comaplex Minerals Corp. announced that it had closed a private placement previously announced on March 6, 2007. The private placement was conducted with a syndicate of underwriters led by BMO Capital Markets and including Haywood Securities Inc. and J.F. Mackie & Company Ltd. and consisted of the issuance of 6 million common shares of Comaplex, at a price of $4.45 per Common Share for gross proceeds of $26.7 million. The underwriting syndicate was advised by a team from Fasken Martineau comprised of John Turner in Toronto and Richard Peters, Jason Mudge and Hugoline Morton in Calgary.